In re Shulman

This is an application, pursuant to section 25 of the General Corporation Law, to declare illegal, null and void, and to set aside, the election of directors and officers of Rex Specialty Bag Corporation held on March 2,1956 at the corporation’s principal place of business. The petitioner also seeks a direction that all persons now assuming to act pursuant to such election be ordered to cease acting as officers and directors.

The corporation is a close corporation and all of the stock is equitably owned in equal proportion by the petitioner, the respondent David Adlman and the respondent…